Fiserv Touts 2009 Account Processing Contract Renewals

In the first eight months of 2009, 217 credit unions renewed their account processing contracts with Fiserv Inc., the company said.

The company earlier this year formally completed the integration of its seven credit union core processing units and cited value-added tools, product integration and long-term relationships with support teams as reasons for the renewals.

"The strength of our renewal figures reflects a strong vote of confidence from our clients," said Scott Butler, president of Credit Union Solutions at Fiserv in Brookfield, Wis.

The company said it now has a 32% share of the account processing market for credit unions in the United States, representing more than 2,500 credit unions.